🔔🔔GBP/USd news:
👉Weaker-than-expected inflation data pressured the British Pound in early European trading on Wednesday. Later in the day, the UK's Office for Budget Responsibility announced a downward revision of its 2025 GDP growth forecast to 1%, leading to a decline in GBP/USD.
While presenting the Spring Budget, UK Chancellor Rachel Reeves highlighted the increasing instability of the global economy and announced cuts to planned government spending.
👉 On Thursday, the U.S. Department of Labor will release the weekly Initial Jobless Claims data, with markets expecting a rise to 225,000 from the previous 223,000. A significant drop in this figure could strengthen the U.S. dollar and push GBP/USD lower.
👉Meanwhile, market sentiment remains cautious early Thursday following the latest remarks from U.S. President Donald Trump regarding tariffs.
👉 If safe-haven flows dominate financial markets later in the day, GBP/USD may struggle to maintain its position.
Personal opinion:
👉GBP/USD will continue to decline as this pair is vulnerable to potential risks from the trade war.
👉Moreover, a part of investors will turn to safe havens such as gold to keep their assets. So this pair will still be limited in the near future
Plan:
🔆Price Zone Setup:
👉Sell GGBP/USD 1.2970 – 1.2980
❌SL: 1.3010 | ✅TP: 1.2920 – 1.2870
FM wishes you a successful trading day 💰💰💰
👉Weaker-than-expected inflation data pressured the British Pound in early European trading on Wednesday. Later in the day, the UK's Office for Budget Responsibility announced a downward revision of its 2025 GDP growth forecast to 1%, leading to a decline in GBP/USD.
While presenting the Spring Budget, UK Chancellor Rachel Reeves highlighted the increasing instability of the global economy and announced cuts to planned government spending.
👉 On Thursday, the U.S. Department of Labor will release the weekly Initial Jobless Claims data, with markets expecting a rise to 225,000 from the previous 223,000. A significant drop in this figure could strengthen the U.S. dollar and push GBP/USD lower.
👉Meanwhile, market sentiment remains cautious early Thursday following the latest remarks from U.S. President Donald Trump regarding tariffs.
👉 If safe-haven flows dominate financial markets later in the day, GBP/USD may struggle to maintain its position.
Personal opinion:
👉GBP/USD will continue to decline as this pair is vulnerable to potential risks from the trade war.
👉Moreover, a part of investors will turn to safe havens such as gold to keep their assets. So this pair will still be limited in the near future
Plan:
🔆Price Zone Setup:
👉Sell GGBP/USD 1.2970 – 1.2980
❌SL: 1.3010 | ✅TP: 1.2920 – 1.2870
FM wishes you a successful trading day 💰💰💰
Note
Hit + 30 pips from 1.2970 Trade active
Hit almost 50 pips and bounced up
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.